Service Tools Service Vehicle Joel Feliciano has started his own business, Property Appraisals. He inspects property for buyers and sellers of real estate. Feliciano rents office space and has a part-time assistant to answer the phone and to help with inspections. The transactions for the month of September 2018 are as follows: Expenses Feliciano invested cash by making a deposit in a bank account for the business, P150,000. Paid rent for the month, P3,000. Bought a second-hand service vehicle for cash, P80,000. Bought service tools on account, P30,000. Paid electricity bill, P500.
Service Tools Service Vehicle Joel Feliciano has started his own business, Property Appraisals. He inspects property for buyers and sellers of real estate. Feliciano rents office space and has a part-time assistant to answer the phone and to help with inspections. The transactions for the month of September 2018 are as follows: Expenses Feliciano invested cash by making a deposit in a bank account for the business, P150,000. Paid rent for the month, P3,000. Bought a second-hand service vehicle for cash, P80,000. Bought service tools on account, P30,000. Paid electricity bill, P500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
Please follow the format.
Required: WORKSHEET, (include the total assets, liability and equity)
please answer asap, i need it by afternoon
Transcribed Image Text:1
2
1
CALLIO
10
11
12
13
14
15
18
12
18
19
20
21
22
23
24
25
25
27
28
22
12:16
X
A
Cash
250 000.00
(6,700.00
(5.750.001)
(35 000.00)
19.250.00
(5 600.00)
(7.DRD )
(€22.080.00)
12.360.00
(7.400.00)
(5.000.00)
12.7
(2.800.00)
201 530.00
TOTAL ASSETS
TO TAL LIAE
TO TAL EQUITY
11
Curent Assels
A/R
C
330.070.00
73,500.00
258 570.00
3,250.00
Format
ADSETO
Bancuarent Assels
dry Duplied Prepaid Insurance Bugment Funitur & Flur
3238 ல
D
5,600.00
5,600.00
115.000.00
115.000.00
5,700.00
6,700.00
5 2
LIKE ILITES
Cuent
ALP
80,000 DO
AX.
2750
13.500.00
H
0 2 = . . 38% +
4
250.000.00
ED UITY
Millanes.Capilla Manueva, Whdraw
250,000.00
5.000.00
H
5.000.00
8+
4
Revenues
19.250.00
12.350.00
31,500.00
K
Expenses
L
5,750.00 reni expense
:
2,050.00 rechaly
EVERLE
7,400.00 salaries
18,030.00
2,800.00 misc exp
Indrawer
Transcribed Image Text:Required: Record the transactions for the month of September 2022 using a
financial transaction worksheet. Use the following accounts:
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Service Tools
Accounts Payable
Feliciano, Capital
Feliciano, Withdrawals
Revenues
Expenses
Service Vehicle
Joel Feliciano has started his own business, Property Appraisals. He inspects
property for buyers and sellers of real estate. Feliciano rents office space and
has a part-time assistant to answer the phone and to help with inspections. The
transactions for the month of September 2018 are as follows:
Feliciano invested cash by making a deposit in a bank account for the
business, P150,000.
Paid rent for the month, P3,000.
Bought a second-hand service vehicle for cash, P80,000.
Bought service tools on account, P30,000.
Paid electricity bill, P500.
Paid a one-year insurance premium on the service vehicle, P6,000.
Received cash from clients for service performed, P20,000.
Paid salaries to assistant for first half of the month, P2,000.
Performed appraisal services for clients on account, P10,000.
Paid water bill, P350.
Bought supplies for cash, P1,000.
Received cash from clients for inspections performed on account, P3,000.
Paid salaries to assistant for last half of the month, P2,500.
Made partial payment on service tools bought on account, P10,000.
Additional revenues earned amounted to P20,000: P14,000 for cash and
P6,000 on account.
Feliciano withdrew cash for personal expenses, P5,000.
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